Adkins Rodney C 4

What Happened
Rodney C. Adkins, a director of Avnet, was granted 31 phantom stock units (PSUs) on 2026-03-18 at an indicated value of $59.96 per unit (total ~$1,859). The Form 4 reports this as a derivative award (acquisition) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-18; Form 4 filed 2026-03-19 (timely filing).
• Grant: 31 PSUs at $59.96 each; total reported value ≈ $1,859.
• Shares owned after transaction: not disclosed on this filing.
• Footnotes: F1 — each PSU equals one share and will be settled in Avnet common stock when the director leaves the board or upon a change of control; F2 — additional PSUs were added due to the quarterly dividend.
• Transaction type: Award/Grant of a derivative security (PSU), code A on the filing.

Context
PSUs are a form of deferred/phantom equity: they do not represent immediate common-stock voting rights or shareholdings but will convert into actual shares under the conditions noted (departure from the board or change of control). This is a routine director compensation item and not an open-market purchase or sale; it should be interpreted as compensation rather than a direct signal of personal buying or selling.